H2O Innovation Inc. (OTCMKTS:HEOFF) Short Interest Up 744.4% in January

Financial News Live ·  01/27/2023 06:15

H2O Innovation Inc. (OTCMKTS:HEOFF – Get Rating) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 7,600 shares, a growth of 744.4% from the December 31st total of 900 shares. Based on an average daily volume of 30,500 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

HEOFF has been the subject of several research analyst reports. National Bank Financial reduced their price target on shares of H2O Innovation from C$3.25 to C$3.00 in a report on Thursday, November 3rd. Canaccord Genuity Group dropped their price objective on shares of H2O Innovation from C$3.25 to C$2.75 in a research report on Thursday, September 29th. Finally, Raymond James lowered their price target on shares of H2O Innovation from C$3.75 to C$3.50 in a research report on Monday, November 14th.

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H2O Innovation Trading Down 0.5 %

Shares of OTCMKTS HEOFF traded down $0.01 during trading on Thursday, reaching $1.91. The company had a trading volume of 3,816 shares, compared to its average volume of 12,248. The stock has a market cap of $171.91 million, a P/E ratio of 48.01 and a beta of 0.65. The company's fifty day moving average price is $1.68 and its 200-day moving average price is $1.60. The company has a quick ratio of 1.60, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. H2O Innovation has a 12 month low of $1.23 and a 12 month high of $2.07.

H2O Innovation (OTCMKTS:HEOFF – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported $0.02 EPS for the quarter. The company had revenue of $43.05 million for the quarter. H2O Innovation had a return on equity of 10.13% and a net margin of 2.26%.

H2O Innovation Company Profile

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H2O Innovation, Inc engages in the design and provision of water treatment solutions based on membrane filtration technology. It operates through the following segments: Water Technologies and Services, Specialty Products and Operation and Maintenance Services. The Water Technologies and Services segment includes water, wastewater projects and services.

Further Reading

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